The Sultanate of Oman aims to enhance energy security for a sustainable future and balance the requirements of sustainable development with the optimal use of natural resources to grow the national economy and reduce the effects of climate change.

Muscat: As part of its efforts towards encouraging economic diversification, attracting investments, empowering the private sector, and creating job opportunities, the Oman Investment Authority (OIA) has announced the opening of national projects, which are part of its National Development Portfolio

Muscat: Abdulsalam al Murshidi, President of Oman Investment Authority (OIA) said that the fundamentals of Oman Vision 2040 focuses on the promising sectors which will be additions to the oil and gas sectors.

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The Sultanate of Oman, represented by the Ministry of Energy and Minerals, unveiled on Sunday its ambitious Green Hydrogen Strategy – an initiative that envisions an estimated $140 billion in investment in a new low-carbon energy industry.

Muscat: The Oman Investment Authority announced today its investment in the American company Ascend Elements, which specializes in recycling lithium-ion batteries that are used in electric vehicles; This is an embodiment of efforts to enhance the portfolio of generations in order to achieve financia

While the land has been identified in cooperation with the ministries of Defence, Housing and UUrban Planning, and Environment Authority, the Sultanate of Oman will be offering investors in hydrogen projects incentives such as minimum land fees, and waiving of land fees during developing stages.

The Pearl Real Estate Investment Fund (The Pearl REIF), the biggest Shariah-complaint fund of the Sultanate of Oman, has announced the opening of its initial Public Offering (IPO). Subscription opened on Sunday, October 16, and runs until October 30, 2022.

Dr. Hussain Ali Mwinyi, President of Zanzibar, met with a number of Omani and Zanzibari businessmen, on the sidelines of the Omani-Zanzibari Business Forum. This took place as part of his official visit to the Sultanate of Oman.

Muscat: The state’s general budget has recorded a surplus of more than OMR1 billion by the end of August 2022, according to a financial performance bulletin published by the Ministry of Finance. The bulletin indicates a 47.

Muscat: Several agreements and memoranda of understanding (MoU) were signed here on Tuesday between Omani and Saudi companies to invest in the Information and Communications Technology (ICT) sector.

Muscat – Phase two of the Al Ansab-Al-Jifnain dual carriageway project will be implemented by the first quarter of next year, according to Muscat Municipality.